The global robotic welding market was valued at USD 3.59 billion in 2017 and is expected to grow at a CAGR of 8.91%, during the forecast period, to reach USD 5.96 billion by 2023. The market growth for robotic welding is mainly driven by the increasing implementation of Industry 4.0 revolution. Another factor driving the demand for robotic welding is the rising need for scalability in manufacturing units in developing economies to meet the growing demand for various products.

The years considered for the study are as follows:

Base Year: 2017

Estimated Year: 2018

Projected Year: 2023

Forecast Period: 20182023

The base year considered for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

To define, describe, segment, and forecast the robotic welding market by type, end-user, payload, and region

To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

To strategically analyze the robotic welding market with respect to individual growth trends, future expansions, and contribution to the market

To forecast the expansion of the robotic welding market with respect to the main regions (Asia Pacific, North America, Europe, and the Rest of the World)

To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders

To analyze competitive developments such as contracts & agreements, mergers & acquisitions, new product developments, and expansions in the robotic welding market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global robotic welding market. Primary sources are mainly industry experts from the core and related industries, service providers, technology developers, standards and certification organizations of companies, and organizations related to all segments of this industrys value chain. The points below explain the research methodology.

Study of the annual revenues and market developments of the major players providing robotic welding

Assessment of future trends and growth of the robotic welding market

Assessment of the robotic welding market with respect to the demand for different end-user industries

Analysis of market trends in various regions or countries by studying the development of different end-user industries which use robotic welding in their manufacturing process

Study of contracts and developments related to the robotic welding market by key players across different regions

Finalization of the overall market sizes by triangulating the supply-side data, which includes product developments and annual revenues of companies providing robotic welding across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries conducted during the research study by company type, designation, and region.

The global robotic welding market is projected to grow at a CAGR of 8.91%, from 2018 to 2023, to reach a market size of USD 5.96 billion by 2023, from an estimated market size of USD 3.89 billion in 2018.

The implementation of new industry revolution, Industry 4.0, to boost the productivity and the increased need of scalability in small manufacturing units, especially in developing economies, would act as driving factors for the robotic welding market.

The report segments the robotic welding market, by type, into arc, spot, and others. The spot welding segment is expected to account for the largest market share. Among all the end-user industries, the automotive & transportation industry, which is the largest end-user, has more demand for spot welding. Robots for the spot welding application have a high payload and are expensive than other robots which makes them dominate the market.

The robotic welding market has been further segmented, based on end-user, into automotive & transportation, electricals & electronics, aerospace & defense, and others. The automotive & transportation segment is expected to be the largest market due to high growth of vehicles in developing economies. Emerging economies such as China, India, Brazil, and Iran have a high demand for vehicles which would contribute to the growth of the spot welding segment.

In this report, the robotic welding market has been analyzed with respect to 4 regions, namely, North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is projected to dominate the global robotic welding market during the forecast period because of the increasing automation in China and other emerging economies. Asia Pacific is also expected to be the fastest growing market, followed by the Rest of the World. Increasing automation in China under the Made in China 2025 plan would drive the growth of the Asia Pacific market; China accounts for more than half of the Asia Pacific market.

The major factors restraining the growth of the robotic welding market is high initial investment cost for small manufacturing units.

Some of the leading players in the robotic welding market include Yaskawa (Japan), Kuka (Germany), Fanuc (Japan), ABB (Switzerland), and Panasonic (Japan). Expansions & investments was the most common strategy adopted by top players, followed by new product launches.

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